AFR Statement: Delaying Fiduciary Rule Is Betrayal Of Public Interest

From Lisa Donner, executive director of Americans for Financial Reform:

“This proposal to delay the fiduciary rule is clearly part of the administration’s plan to undo it altogether. Blocking this common-sense, long overdue rule, which requires retirement advisers to act in their customers’ best interests, would allow Wall Street to continue to grab more than $17 billion a year – tens of millions of dollars a day – from retiree savings. This decision is not justified by the facts, and it is a betrayal of the public interest.”